Hazelwood Gives Tagg Logistics Incentive Package

HazelwoodLogisticsCtr-smTagg Logistics is a fulfillment, distribution and logistics provider which plans to consolidate three of its  facilities into one location at the Hazelwood Logistics Center, a business industrial park situated off North Lindbergh Boulevard and close to Lambert International St. Louis Airport.

The company plans to invest $10.5 million to buy and outfit  the 400,000 square-foot speculative facility that already exists on the property and to grow its workforce from 37 full-time workers to 50 or more within the next 18 months. 

Proceeds from the City of Hazelwood’s half-cent economic development sales tax were used to finance the deal.  It’s a 5-year Economic Development and New Employment Training and Opportunities Loan comprised of a $320,000 no-interest loan and an $80,000 forgivable loan, both to be repaid by 2018.

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